Moelis has hired senior dealmakers as larger rivals cut back

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Moelis pay costs jump 23% after managing director hiring spree

Investment Banking Editor

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Moelis & Co has hiked pay by 23% this year as the boutique bank increased bonuses and hired senior dealmakers as larger rivals cut back.

The boutique investment bank, headed by veteran dealmaker Ken Moelis, accrued $362.3m in compensation costs in the first half of 2024, according to newly-released accounts, an increase of 23%. 

The boutique unveiled a 45% uptick in revenue in the second quarter as M&A activity improved

Paul Clarke

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Citigroup’s co-head of Iberia Revuelta to depart the US bank 

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Alantra strips out 20 managing directors in investment bank business shift 

Abrdn names tech chief for investments unit in latest appointment under Jason Windsor

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Alain Courbebaisse will take on role in the new year

Simpson Thacher hires Sidley Austin finance duo in London

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Leveraged finance lawyers are in high demand in London

Trading Places: EY names UK financial services head, BofA promotes 387 MDs

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Find out who is on the move in the City and beyond this week

The Fed’s signal that it will cut rates less than expected complicates efforts by other central banks to manage their economies.

Bank of England Keeps Rates Steady After Fed Move

Palliser Capital doubled down on its call for a review of Rio Tinto’s dual listing in London and Sydney, adding that it now has the backing of more than 100 shareholders.

Activist Investor Widens Call for Review of Rio Tinto’s Dual-Listing

Activist Investor Palliser Capital Widens Call for Review of Rio Tinto’s Dual-Listing Status

In a 12-hour social-media barrage, the world’s richest man led a rebellion against a bill aimed at keeping the government funded.

Musk Draws First Blood With Spending Bill Bombshell 

Aides kept meetings short and controlled access, top advisers acted as go-betweens and public interactions became more scripted. The administration denied Biden has declined.

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Indexes were lower in Europe’s morning trade, as markets digested hawkish comments from the Fed’s Powell which left investors blindsided, Richard Hunter, Head of Markets at Interactive Investor, said.

European Indexes Fall on Slower U.S. Rate Cut Projections

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